Crowdfunding platform Seedrs is expanding to the US

UK crowdfunding platform Seedrs has confirmed that it will launch
in America after the US government passed a new law that
makes it legal for anyone, not just accredited investors, to back
equity crowdfunding campaigns in return for equity.

London-based Seedrs allows anyone to invest as little as £10 in
businesses in return for a stake of that
company. Seedrs said in a press release that it will launch
a beta version of its platform in the US "within weeks."

Jeff Lynn, cofounder and CEO of Seedrs, said in a statement: "The
beta testing we are announcing today will be our first foray into
the [US] market, and we look forward to growing our presence
there significantly in 2016."

Over 270 deals have been funded on Seedrs to date, with
businesses raising £3.5 million between them each month, on
average.

Since then, Lynn said he has been working "tirelessly" with US
authorities to inform regulation around the crowdfunding
industry.

"I have had the privilege of being involved in the lawmaking
process for US crowdfunding ever since the JOBS Act was
introduced in 2011, and I am very pleased to see that the SEC has
finally adopted rules implementing Title III.

"We believe this heralds the emergence of equity crowdfunding as
a vibrant form of finance in the United States — just as it has
become in the UK and Europe — and Seedrs is perfectly positioned
to take advantage of the sector’s growth."